Source: Thinkstock
Applied Materials Inc. (NASDAQ: AMAT) posted a new 52-week low on Thursday. Shares dropped about 5% to a low of $17.64 from Wednesday’s closing price of $18.57. The stock’s 52-week high is $25.71. Volume totaled around 25 million shares, about 15% above the stock’s daily average of around 22 million. The semiconductor equipment maker raised its sales forecast out to 2018, but it might have been too little and too late.
Barrick Gold Corp. (NYSE: ABX) dropped about 4.5% on Thursday to post a new 52-week low at $9.22 after closing at $9.65 on Wednesday. The stock’s 52-week high is $19.36. Share volume totaled around 15 million, nearly 15% above the daily average of around 11.2 million shares traded. The company had no specific news today, but gold dropped another 0.3% today.
United States Steel Corp. (NYSE: X) dropped about 4.5% on Thursday to post a new 52-week low of $17.69 after closing at $18.52 on Wednesday. The stock’s 52-week high is $46.55. Share volume totaled nearly 11 million shares, about 50% above the daily average of around 7.8 million. The company had no specific news today.
Garmin Ltd. (NASDAQ: GRMN) dropped more than 11% on Thursday to post a new 52-week low of $41.19 against a 52-week high of $61.75. The stock closed at $46.40 on Wednesday night. Volume totaled nearly 10 million shares, about 8-times the daily average of 1.2 million. The company reported preliminary results after markets closed last night and offered a disappointing outlook.
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